Revenue property for sale - La Prairie
$4,287,800

70 Av. de Balmoral, La Prairie, La Citière, Montérégie

Listing broker: Audrey Hammond - Engel & Völkers ● # 21078839

27,019 pc

1991

Description

Rare investment opportunity in La Prairie! Sixteen 4 ½ units, built to condominium-quality standards and impeccably maintained. Impressive annual gross income of $223,512, with potential for growth. Competitive annual expenses and a solid structure ensure simplified management. Located in a sought-after area near Montreal, offering strong rental appeal. Ideal for an investor seeking a stable and high-performing asset.

Details

Driveway: Asphalt

Heating system: Electric baseboard units

Water supply: Municipality

Heating energy: Electricity

Windows: Aluminum

Foundation: Poured concrete

Hearth stove: Wood fireplace

Proximity: Highway; Park - green area; Bicycle path; Elementary school; High school; Public transport

Siding: Brick

Parking (total): Outdoor (24)

Sewage system: Municipal sewer

Landscaping: Landscape

Window type: Sliding

Roofing: Asphalt shingles

Zoning: Residential

Addenda

EXCEPTIONAL INVESTMENT OPPORTUNITY -- 70 Balmoral Street, La Prairie

Located in the heart of a highly sought-after area, this 16-unit building (all 4 ½ apartments), fully rented, presents a rare chance for any investor looking to grow their real estate portfolio. Just steps away from all services, the La Prairie park-and-ride, bike paths, and main access roads to Montreal, this location ensures consistent rental appeal.

Owned by the same proprietor for nearly 35 years, the property has been meticulously maintained and benefits from simplified management thanks to a full-time on-site concierge.

Significant value-add potential through rent optimization and renovations of select units. The building also offers ample parking spaces and bright corner units, some featuring 9-foot ceilings on the garden level.

Visits will only be possible AFTER an accepted offer.